Century Legend's Interim Results Reveal Net Loss of HK$16.86 Million, Reversing from Prior-Year Profit

Stock News
08/27

Century Legend (00079) has released its interim results for the six months ended June 30, 2026, revealing a shift to a net loss attributable to shareholders of HK$16.863 million, a stark reversal from the profit of HK$2.552 million recorded in the same period last year. The company reported revenue of HK$21.161 million during the period, marking a 4.47% decrease year-over-year, with a loss per share of HK$0.0517.

The transition from net profit to net loss was not driven by a significant deterioration in core business operations, but rather by non-operating market fluctuations. The final net loss reflects the combined impact of several factors, including a fair value loss of HK$8.66 million on financial assets measured at fair value through profit or loss, contrasting with a fair value gain of HK$16.405 million on such assets in the prior year period. Additionally, the group experienced a reduction in fair value losses on investment properties amounting to HK$5.6 million, alongside a decrease in finance costs of HK$0.451 million.

Excluding the fair value losses on financial assets at fair value through profit or loss and investment properties, the group recorded a net loss of HK$8.703 million for the interim period, compared to a net loss of HK$8.51 million in the first half of 2025.

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